The Central Bank of Egypt
The Governor of the BCT noted that this agreement is a new step towards enhancing the mutual ties of banking institutions and demonstrates shared commitment to developing the financial sector in both countries.
Various international financial institutions and development partners have also pledged their support to bolster Egypt’s economy.
On March 6, the CBE raised the overnight deposit rate, the overnight lending rate, and the rate of the main operation in a special meeting by 600 basis points to reach 27.25 percent, 28.25 percent, and 27.75 percent, respectively.
Core inflation discounts or strips out certain categories that are considered more volatile.
Gregório’s visit will focus essentially on the new political-administrative centers, construction of highways and new urban centers.
The T-bills were offered in two installments, with the first valued at LE 14.5 billion with a 182-day term.
"The exchange rate was corrected due to the Ukrainian war in March and as a result foreign exchange earnings increased,” the CBE’s governor stated.
The Central Bank of Egypt (CBE) is set to issue €690 million in euro-dominated treasury bills (T-bills) on Monday, Nov. 9.
The Central Bank of Egypt (CBE) announced Wednesday over a threefold increase in the total volume of the portfolio of the credit guarantee scheme provided by the Credit Guarantee Company (CCC).
The T-bonds were offered in two installments, with the first valued at LE 1.25 billion with a two-year term.
MPC attributed the reasons behind keeping the rates unchanged for the third consecutive meeting in a statement.
The surge in quasi-money came as a result of the rise in non-current deposits in local currency by LE 287.8billion at an average of 12.9 percent.
The T-bonds were offered in two installments, with the first valued at LE 4 billion with a five-year term.
In December, the country's foreign reserves registered $45.419 billion, the CBE added.
The T-bills will be offered in two installments; the first installment is valued at LE 9.5 billion with a 357-day term.
The T-bills will be offered in two installments; the first installment is valued at LE 9 billion with a 91-day term.
The Monetary Policy Committee of the Central Bank of Egypt kept the overnight deposit rate and the overnight lending rate at 15.75 percent and 16.75 percent, respectively.
The Forum will gather leading cybersecurity experts to discuss ways to build a robust and resilient financial ecosystem in the country
Minister of Finance Mohamed Ma’it said previously this week that foreign reserves hit $44.5 billion, which covers the imports for 9 months, saying that it’s an unprecedented period.
Foreign investments in the Egyptian government debt instruments recorded $23.1 billion by the end of March 2018, up from about $20 billion in December.
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